Nebraska § 71-5325 Loan terms

Nebraska Statutes

§ 71-5325 — Loan terms

Nebraska § 71-5325

Ch. 71Public Health and Welfare

This text of Nebraska § 71-5325 (Loan terms) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 71-5325 (2026).

Text

Loan terms shall include, but not be limited to, the following:

(1)The term of the loan shall not exceed thirty years, except for systems serving disadvantaged communities which term may not exceed forty years;

(2)The interest rate shall be at or below market interest rates;

(3)The annual principal and interest payment shall commence not later than one year after completion of any project; and

(4)The loan recipient shall immediately repay any loan when a grant has been received which covers costs provided for by such loan.

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Loan terms shall include, but not be limited to, the following:
(1) The term of the loan shall not exceed thirty years, except for systems serving disadvantaged communities which term may not exceed forty years;
(2) The interest rate shall be at or below market interest rates;
(3) The annual principal and interest payment shall commence not later than one year after completion of any project; and
(4) The loan recipient shall immediately repay any loan when a grant has been received which covers costs provided for by such loan.